Individual New Submission The forms are new and not intended to replace any forms currently on file at the Department. The forms will be marketed to individuals by contracted agents and brokers.
These forms are designed to provide specific benefits only for losses from a specified critical illness.
Three plans will be offered.
Plan A is the most comprehensive. It provides benefits for Alzheimer’s disease, kidney failure, paralysis, coma, major organ transplant as well Coronary Artery Bypass Surgery, Heart Attack and Stroke and Cancer benefits proved by riders RG11HAS and RG11CAN, respectively.
Applicants choose a monthly base amount from $250 to $3,000 for benefit periods of 6 months, 12 months, 18 months or 24 months. Children are limited to a monthly benefit of $500.
Plan B is the same as Plan A, except that that it will not include the Coronary Artery Bypass Surgery, Heart Attack and Stroke benefits provided by rider RG11HAS.
Plan C is the same as Plan A except that it does not include the Cancer benefits provided by rider RG11CAN.
We will also offer an optional Return of Premium rider RG07ROP (D). In the event the insured dies before the first policy anniversary which follows his or her eightieth (80th) birthday, a Return of Premium Benefit may be payable to his or her named beneficiary or estate. Benefit payment under this rider is subject to the policy being in force with this rider at the time of death.